Author Topic: DJIA to hit 9000s tomorrow?  (Read 653 times)

calmus

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DJIA to hit 9000s tomorrow?
« on: September 14, 2008, 06:12:40 PM »
A distinct possibility.  The Fed's finally acting like its overextended.  Could be all she wrote for a lot of people.

Although Ken Lewis's powerlust might soften the fall a bit.

Bindare_Dundat

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Re: DJIA to hit 9000s tomorrow?
« Reply #1 on: September 14, 2008, 06:21:50 PM »
The talking heads will say that the market has "gained CONFIDENCE," or "was elated," or whatever other tired old phrase they dig up due to BOA acquiring Merrill.

calmus

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Re: DJIA to hit 9000s tomorrow?
« Reply #2 on: September 14, 2008, 06:23:44 PM »

Wonder if Ken Lewis will buy Merrill without getting the almighty Fed to give him the guarantees BofA needs. I actually own BofA stock, so it will be interesting to see what happens. Prob ably nothing good.


Bindare_Dundat

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Re: DJIA to hit 9000s tomorrow?
« Reply #3 on: September 14, 2008, 06:26:21 PM »
Dollar is down almost 2%

Bindare_Dundat

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Re: DJIA to hit 9000s tomorrow?
« Reply #4 on: September 14, 2008, 06:36:43 PM »

Benny B

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Re: DJIA to hit 9000s tomorrow?
« Reply #5 on: September 14, 2008, 06:47:01 PM »
Bah!
Unless you play the market like you're in Vegas or you're a short seller...the world will not end.
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calmus

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Re: DJIA to hit 9000s tomorrow?
« Reply #6 on: September 14, 2008, 06:49:45 PM »

If you're a short seller, you're probably going to be pretty happy tomorrow.

Benny B

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Re: DJIA to hit 9000s tomorrow?
« Reply #7 on: September 14, 2008, 06:53:34 PM »
If you're a short seller, you're probably going to be pretty happy tomorrow.
indeed
dangerous game though
!